So you’ve decided to opt for a home by lending hard cash.
Before going further to get your home financed, it is essential for you to keep
your nose clean first. If you have enough credit, this situation makes lenders
think twice to lend you money to buy home. So, it is your job to make sure
that’s doesn’t happen anymore. Here are some most important don’ts you must
follow while you are going to buy a home.
1.
Don’t
switch your job before buying home: This is not a good time to switch your
job or being a self-employed. That’sthe time you could show your stability in
job to the lenders.
2.
Don’t
change bank accounts: Along with your employment, it is essential for you
to show your stability in your bank accounts to the lenders.
3.
Don’t buy
any bike or car or any other mode of transport while lending money to buy
home. This results in increasing of debt-to-income ratio and this is something
lenders won’t want to see.
4.
Don’t buy
any furniture: This is not the good time to buy any furniture for credit.
Like car, this will also show hike indebt-to-income ratio which tends to bad
impression among lenders.
5.
Don’t
make payment of your credit card bills or charges too late: In fact, you
need to keep a best track record of your credit by which you can show the
lenders that you can manage your credits.
6.
Don’t
deposit large amount on your account: Lenders love to see the money which
is down payment must be sitting for at least two months – what’s called
“seasoning”.
7.
Speak the
truth: Don’t lie on your loan application. Don’t leave your debts or
liabilities while applying for a loan. It’s a fraud.
I hope these tips will be helpful to you whenever you go to
apply for home loan. If you are planning to buy a home in Ajax, this article
will surely be proven helpful to you. You can buy your dream home with the help
of Ajax real estate agent. The real estate agent is a professional who have
enough contacts and links with the help of which he can do your work more
easily. Ajax real estate market involves certain opportunities to buy and sell
the homes at very competitive prices. Log on to markten-pow.ca for more details
in this subject.
Resource Box: Log on to markten-pow.ca to find Ajax real estate and Ajax real estate agent.